{"id":173409,"date":"2024-10-18T14:42:10","date_gmt":"2024-10-18T14:42:10","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173409"},"modified":"2024-10-18T14:42:13","modified_gmt":"2024-10-18T14:42:13","slug":"usdm-issuer-mountain-protocol-taps-chainlink-ccip-for-enhanced-cross-chain-stablecoin-transfers","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/usdm-issuer-mountain-protocol-taps-chainlink-ccip-for-enhanced-cross-chain-stablecoin-transfers\/","title":{"rendered":"USDM Issuer Mountain Protocol Taps Chainlink CCIP for Enhanced Cross-Chain Stablecoin Transfers"},"content":{"rendered":"
TL;DR<\/p>\n
Mountain Protocol has integrated its USDM stablecoin with Chainlink CCIP<\/a><\/strong> (Cross-Chain Interoperability Protocol), a platform designed to enhance interoperability between multiple blockchains. This integration aims<\/a> to facilitate the transfer of tokens across chains<\/strong> like Ethereum, Arbitrum, Polygon POS, Optimism, and Base, improving security and usability in the process.<\/p>\n The operation of Chainlink CCIP in this integration is based on a token burning and minting system<\/strong>. When a user wishes to transfer tokens from one blockchain to another, the tokens are burned on the origin chain and minted again on the destination chain. This process is supervised by independent Chainlink nodes<\/strong>, which ensure the secure and accurate transmission of events between blockchains. In this way, USDM supply consistency is maintained<\/strong>, preserving transaction integrity and fund security.<\/p>\n Mountain Protocol launches USDM cross-chain native bridging with @chainlink<\/a>'s CCIP, simplifying transfers and unifying liquidity across multiple blockchains while ensuring security.<\/p>\n You can now move your USDM across chains via https:\/\/t.co\/KBqYH5C2dx<\/a> or via @xswap_link<\/a>'s app.\u2026 pic.twitter.com\/X1Kx0ctp6k<\/a><\/p>\n — Mountain Protocol (@MountainUSDM) October 17, 2024<\/a><\/p><\/blockquote>\n\n